7113 Excelsior RdBaxterMN56425
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Baxter at 7113 Excelsior Rd, Baxter, MN, 56425 uses $104,389 cash to close to unlock $7,427/yr annual cash flow and $619/mo monthly cash flow. Total monthly income runs $2,585/mo, and a $1,541/mo payment keeps the spread at $619/mo. Purchase price stands at $314,900, and rental yield measures 9.85% with $2,585/mo rent. Return on cash invested shows 27.02% in year one, and 5% annual appreciation builds toward $87,001 over five years. Five-year ROI reaches 141.05% and total cumulative return in cash records $147,238. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,585/mo property income covering a $1,541/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56425, Baxter, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,045 (100%) |
| Owner Occupied HU | 2,479 (61.3%) |
| Renter Occupied HU | 1,221 (30.2%) |
| Vacant Housing Units | 345 ( 8.5%) |
| Median Home Value | $349,885 |
| Average Home Value | $374,017 |
Housing Distribution
Address Breakdown
Residential
3,818
Single Family
3,023
Multi-Family
795
Businesses
370
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Listed by: John Groenwold • Woods to Water Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6687362
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